What a blow!
The chart looks weak, and since the dive was accompanied by high volume, it enhances the direction. However, this seems far to deep a plunge to not rebounce. Maybe already today. At any rate: I think we ought to brace us for (even) more volatile days. The RSI is going strongly into the oversold area, supporting the indication of a rebound.
Most of all posters are very comfortable with the company fundamentals (as, indeed, I am). If I can fork out some available cash, I'll be strengthening my position today, providing I can pick some at yesterdays levels or thereabouts.
A final note on the 'feel': I'm not trying to be the wise guy here, but there has been price related weakness for quite some time now: Sliding trend, and good news have not done anything else but push us up for a day or two, then into the slide again. Hindsight? Of course. But we'll win in the long run!
Kim |
